Number of women earning £1m-plus doubles in five years

Compared to 2012, twice as many women are earning seven figures or more - but they are still outnumbered 10 to one by men, new data shows.

According to tax returns filed in 2014-15, just 1,400 women have smashed through the £1 million salary threshold, compared with 13,800 men.

This means women now make up 9.2% of the UK's top earners - progress described by the CMI as "far too slow".

The data was released by HM Revenue & Customs under the Freedom of Information (FOI) Act and reported by the Financial Times.

Sam Smethers, chief executive of The Fawcett Society - an organisation that promotes women's rights and gender equality - told the newspaper: "The [data] really clearly show the gulf between what men and women earn when you get those top jobs.

"It's not that surprising but the difference is really stark when you look at the numbers."

Any businesses employing more than 250 employees will have to publish details of their company's gender pay gap under new rules that come into force in April 2018. Salary figures will include pay bonuses.

Females over 40 in management roles face a pay gap of 35%, with disparity around 22% across all ages, the Chartered Management Institute (CMI) has reported.

Our Site uses cookies to improve your experience of certain areas of the Site and to allow the use of specific functionality, such as social media page sharing. You may delete and block all cookies from this Site, but as a result, parts of the Site may not work as intended.